Financial Institutions, Inc. (NASDAQ:FISI) Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its position in shares of Financial Institutions, Inc. (NASDAQ:FISI - Free Report) by 56.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,686 shares of the bank's stock after purchasing an additional 30,130 shares during the period. Segall Bryant & Hamill LLC owned 0.54% of Financial Institutions worth $2,284,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FISI. PL Capital Advisors LLC raised its position in shares of Financial Institutions by 666.8% during the 4th quarter. PL Capital Advisors LLC now owns 13,583,625 shares of the bank's stock valued at $370,697,000 after buying an additional 11,812,109 shares during the period. Stieven Capital Advisors L.P. purchased a new stake in Financial Institutions in the fourth quarter valued at $6,140,000. Zacks Investment Management acquired a new position in shares of Financial Institutions in the 3rd quarter valued at $4,706,000. American Century Companies Inc. increased its position in shares of Financial Institutions by 38.1% during the 4th quarter. American Century Companies Inc. now owns 424,825 shares of the bank's stock worth $11,593,000 after purchasing an additional 117,142 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Financial Institutions by 13.0% in the 4th quarter. Vanguard Group Inc. now owns 925,285 shares of the bank's stock valued at $25,251,000 after buying an additional 106,612 shares during the period. 60.45% of the stock is owned by hedge funds and other institutional investors.

Financial Institutions Stock Up 0.2 %

Shares of NASDAQ FISI traded up $0.04 during mid-day trading on Monday, hitting $25.04. The company had a trading volume of 47,707 shares, compared to its average volume of 87,940. The company has a market capitalization of $502.71 million, a PE ratio of -17.30 and a beta of 0.86. The business's 50-day simple moving average is $27.18 and its 200 day simple moving average is $26.59. Financial Institutions, Inc. has a 1-year low of $16.29 and a 1-year high of $29.79. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.86 and a quick ratio of 0.86.

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Financial Institutions (NASDAQ:FISI - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.20). Financial Institutions had a negative net margin of 6.69% and a positive return on equity of 11.12%. On average, analysts predict that Financial Institutions, Inc. will post 3.3 earnings per share for the current year.

Financial Institutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 14th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 4.95%. This is an increase from Financial Institutions's previous quarterly dividend of $0.30. The ex-dividend date is Friday, March 14th. Financial Institutions's dividend payout ratio is -85.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of Financial Institutions from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $29.00 to $34.00 in a research note on Monday, February 3rd. Stephens reissued an "equal weight" rating and issued a $32.00 target price on shares of Financial Institutions in a research report on Tuesday, March 11th. StockNews.com upgraded Financial Institutions from a "sell" rating to a "hold" rating in a research report on Tuesday, February 11th. Finally, Piper Sandler assumed coverage on Financial Institutions in a report on Friday, December 20th. They issued an "overweight" rating and a $33.00 price objective on the stock.

Financial Institutions Company Profile

Financial Institutions, Inc operates as a holding company for the Five Star Bank, a chartered bank that provides banking and financial services to individuals, municipalities, and businesses in New York. The company provides checking and savings account programs, including money market accounts, certificates of deposit, sweep investments, and individual retirement and other qualified plan accounts, as well as NOW accounts.